When Derek was a small child, his grandfather established a trust fund for him to receive $17,000 on his thirty-fifth birthday. Derek just turned 23. What is the value of his trust today if the trust fund earns 4 percent interest? If he had to wait until age 40 to receive the money, what is the present value today of the $17,000 to be received in 17 years? The present value, PV, of his trust today if the trust fund earns 4 percent interest is $___ . (Round to the nearest cent.)

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.